...and Economic Security Act (CARES Act) likely prevented a large wave of foreclosures, aided by ultra-low mortgage rates. Many homeowners reduced monthly payments by refinancing to a lower rate; others...
Read More »Search Results for: foreclosures
Delinquencies, Foreclosures Up Year-Over-Year But Still Near Record Lows
CoreLogic’s Loan Performance Insights Report for September 2022 has found that 2.8% of all mortgages nationwide (approximately 1.4 million loans) were in some stage of delinquency (30 days or more...
Read More »Tracking the Progress of Foreclosure Protections
...if these funds are reaching their intended targets. The purpose of the HAF was to prevent mortgage delinquencies and defaults, foreclosures, loss of utilities or home energy services, and displacement...
Read More »The Front Lines of Property Preservation
...will be a greater number of foreclosures in the coming months than are taking place today. The property preservation business is at a crossroads right now—increased foreclosures are imminent, and...
Read More »Prepayments Fall; Foreclosures Rise
According to Black Knight’s “first look” at October 2022 month-end mortgage performance data, prepayments fell to a record low of 0.48%, well below the previous record of 0.55% and the...
Read More »Share of Distressed Home Sales Shrinks in October
...sales–foreclosures and short sales–represented 1% of sales in October, down from 2% in September and identical to October 2021. "More potential homebuyers were squeezed out from qualifying for a mortgage...
Read More »Examining the Balance Between Foreclosure and Employment
...the labor market will cause a rise in foreclosures. According to Potapov, early, proactive policies early in the pandemic both prevented early mass foreclosures due to lockdowns and caused concerns...
Read More »Foreclosure Activity Up Nearly 60% Year-Over-Year
...foreclosure activity was about 59% of pre-pandemic numbers, and at its current pace foreclosures probably won’t be back to historically normal levels until sometime around mid-2023.” Among the top 223...
Read More »Vacant Homes in Foreclosure Record Third Consecutive Quarterly Increase
...imposed after the Coronavirus pandemic hit in 2020, was lifted at the end of July 2021. Among those pre-foreclosure properties, 7,722 are zombie foreclosures—pre-foreclosure properties abandoned by owners—in Q4 of...
Read More »Commentary: Permanent Forbearance Could Prevent Future Foreclosures
...revealed that up to 8 million households took advantage of forbearances, likely stopping a large wave of foreclosures that would have resulted from high unemployment. The author also cite a...
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